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Today, you open a savings account that pays interest of 6.000%(M). You save $500 every month for five years. At the end of year 5
Today, you open a savings account that pays interest of 6.000%(M). You save $500 every month for five years. At the end of year 5 you deposit an additional $5,000. Then, you leave the account alone and let it grow another 15 years. What is the final ending account value 20 years from today? Answer in $, to two decimal places i.e. $x,xxx.xx
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